Group health insurance plans are usually offered by employers. When employers purchase group health insurance for their employees, the employees get group rates that lower the costs of insurance.
Group health insurance actually has two types: small group health insurance and large group health insurance. Large group medical insurance is for businesses or organizations with 51 or more employees, but in some states the standard is 101 or more employees. Businesses may qualify for small group medical insurance if they have fewer than 51 or fewer than 101 employees, depending on the state.
One obvious way to get cheap group health insurance is to get hired by an employer who offers health insurance benefits. But it’s not always easy to find a new job right away — and you may need insurance now.
Fortunately, there are other types of organizations that offer group health insurance to their members. Examples of these organizations include:
- Affiliated Workers Association.
- Freelancers Union.
So, check with any groups you are part of, including professional organizations, alumni associations or unions, to see if they offer group healthcare plans. You can get group health insurance quotes and compare them to individual plans on the Health Insurance Marketplace to find the best option for you.